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Mounds View Economic <br />Staff Report <br />Item No. _j "1A__ <br />Meeting Date: 6-21-98 <br />Staff Report No. <br />Type of Business: EDAB <br />WK. • Work Session; PH. • Public Hearing; <br />CA: ConsentAgenda; MAB: EDA Business <br />Development Authority <br />To: Mounds View Economic Development Authority <br />From: Steve Dorgan, Housing Inspector <br />Item Title/Subject: MVHRP - Proposal to Purchase 2225 Hillview Road <br />Date of Report: June 23, 1999 <br />SUMMARY <br />At the EDA meeting on May 24, 1999, the commission approved the acquisition of 2225 Hillview Road <br />for participation in the Housing Replacement Program. The EDA directed staff to pursue the use of <br />Community Development Block Grant (CDBG) funds appropriated to the EDA by Ramsey County for the <br />acquisition and clearance of the subject lot. Use of CDBG funds by the city for the acquisition and <br />demolition of property is contingent on guidelines set by the Department of Housing and Urban <br />Development. The guidelines include the value of the home and land as well as the overall condition of <br />the proposed home. Therefore, the EDA may chose to approve the acquisition of the subject property <br />with a priority to use CDBG funds if available and to use Tax Increment Funds in the event the property <br />does not meet the Federal guidelines for use of CDBG funds. <br />Attached is a resolution approving the use of CDBG and/or TIF funds for the appraisal and acquisition of <br />the subject lot. The resolution also provides for the execution of a purchase agreement for the property. <br />ACTION TO BE CONSIDERED <br />Approve EDA Resolution No. 99 -EDA -114 authorizing the acquisition of property located at 2225 <br />Hillview Road for the Housing Replacement Program. <br />Steve Dorgan, Housing Inspector <br />612/717-4023 <br />email: steved(@rcmnet.or <br />Attachments: 1) Resolution No. 99 -EDA -114 <br />2) Location Map <br />